November 15, 2018 / 4:16 PM / a month ago

Elliott denies it hired bank to sell minority stake in AC Milan

FILE PHOTO - AC Milan logo is seen at the San Siro stadium during the match against Udinese in Milan, September 10, 2016. REUTERS/Stefano Rellandini

MILAN (Reuters) - A spokeswoman for activist investor Elliott has denied a report that it had given Italian lender UniCredit (CRDI.MI) or any other bank a mandate to sell a minority stake in soccer club AC Milan.

Elliott took control of the Italian soccer club in July, ousting Chinese businessman Li Yonghong.

Reporting by Elvira Pollina; writing by Francesca Landini; editing by Crispian Balmer

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